You’ll need an agent who knows the area well, a solid property manager, reliable contractor connections, and lenders if you plan to use private money.

I make sure that when I am doing major work that I plan to avoid potential problems on a Sunday. ie I am not replacing valves and faucets on a Sunday in case something breaks and I need to shut off water and go get a new part to fix it and they are all closed until the next morning. 

My Plan Is to give a note for the $200,00 due in 12 months 0% interest.$70k out of my pocket cash and sell the house when it is done for $360k to $400Kclosing cost $40k so 360 - 40 = 320 - 270 = 50K profit or 400k - 40k = 360k - 270k = 90k profitthe $360k is conservative for sale price chino hill ca.at least that was what i had bouncing in my head

Unless you plan on scaling rapidly and just want to set things up a certain way starting out.

@Robel NessroGreat plan. 

I contemplated appealing it, but I figured I would go after the PM instead, which I plan to do.

Talk to your banker about your plan.

We are working on our first flip house and we didn't plan to do the BRRRR method, although it has come up in conversation multiple times due to the area it is in, we are still tossing the idea around of keeping it as a rental.

I was also planning to work for a property managing firm to learn the ropes of the state and local codes while continuing to invest.

We just gave our tenants notice that we are planning to move into the rental they are leasing from us.